The Market Coupling Steering Committee (MCSC) welcomes the successful go-live of the Nordic Flow-Based Market Coupling project on 29 October 2024 (first trading day). This means that the power markets in Denmark, Finland, Norway and Sweden now use the Flow-Based Methodology when allocating cross-border capacities in Day-Ahead Market Coupling. The successful go-live is the result of the close cooperation between involved Nominated Electricity Market Operators (NEMOs), Transmission System Operators (TSOs) and regulatory authorities. The Nordic region follows on the Core Capacity Calculation Region, where Flow-Based Market Coupling was introduced in 2022, and Central Western Europe, where the Flow-Based Methodology has been used since 2015.
This milestone improves capacity allocation in the coupled power markets and enables the European power grid to transport more electricity across borders. The new Flow-Based Market Coupling Mechanism optimizes the capacity to exchange power between bidding zones, adding sustainable value and increasing socio-economic welfare on SDAC level.
More information on Nordic Flow-Based is available here.